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Dec 31, 2024
MidwestOne Q4 2024 Earnings Report
Reported net income of $16.3 million with return on average assets of 1.03%. Net interest margin (tax equivalent) was 3.43% and the efficiency ratio improved to 59.06%.
Key Takeaways
MidwestOne Financial Group, Inc. reported a strong fourth quarter with net income of $16.3 million, or $0.78 per diluted common share. The company's return on average assets reached 1.03%, driven by net interest margin expansion. Core deposits and noninterest bearing deposits increased, and asset quality metrics improved.
Net income was $16.3 million, or $0.78 per diluted common share.
Return on average assets reached 1.03%.
Net interest margin (tax equivalent) was 3.43%, with core net interest margin expanding to 3.26%.
Efficiency ratio improved to 59.06%.
MidwestOne
MidwestOne
MidwestOne Revenue by Segment
Revenue by Segment
Investment Services & Trust Activities Revenue
CapyFin.comService Charges & Fees Revenue
CapyFin.comCard Revenue
CapyFin.comLoan Revenue
CapyFin.comBank-Owned Life Insurance Revenue
CapyFin.comOther Noninterest Income Revenue
CapyFin.com Forward Guidance
The effective income tax rate for the full year 2025 is expected to be 22-24%.